ACB Breakout Arrows Indicator
ACB Breakout Arrows Indicator MT4 & MT5
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ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a unique breakout pattern. This indicator constantly scans the chart for a settling momentum in a particular direction and give the valid entry signal right before the significant price movement.
- The indicator also provides stop loss and profit targets.
- Suitable for Day Traders, Swing Traders, and Scalpers.
- Optimized algorithm to increase the accuracy of signals.
- Special level to facilitate the Breakeven move(Quick Profit Line).
- Performance analysis metrics such as win/loss, success rate, avg. profit etc.
- No Repaint.
- Strong Buy: Up Arrow + Green Histogram + Bullish Trend.
- Strong Sell: Down Arrow + Red Histogram + Bearish Trend.
- Avoid a trade if the histogram is Gray and Trend is Sideways.
(optional) - Use KT Support and Resistance indicator to avoid trade entry around a significant support/resistance level. Such trade entries can immediately turn negative and lead to unnecessary losses.
- History Bars: Number of bars to consider for Indicator's calculation.
- Signal Sensitivity: Choose the Arrow's Sensitivity (signal strength).
- Bars for SL: Numbers of bars to consider for Stop loss calculation.
- Show Target Lines: Show/hide the SL, TP and Quick profit levels on the chart.
- Performance Analysis: Show/hide the performance analysis elements included the profit trend line for each signal.
- Alert Settings: Display box, Email, Push notifications and Sound alerts are available.
double Buy_Signal = iCustom(NULL,0,"Market/ACB Breakout Arrows",0,1);
double Sell_Signal = iCustom(NULL,0,"Market/ACB Breakout Arrows",1,1);
if(iCustom(NULL,0,"Market/ACB Breakout Arrows",2,1)!=0)Buy_Stoploss = iCustom(NULL,0,"Market/ACB Breakout Arrows",2,1);
if(iCustom(NULL,0,"Market/ACB Breakout Arrows",3,1)!=0)Sell_Stoploss = iCustom(NULL,0,"Market/ACB Breakout Arrows",3,1);
// Fetching targets from the chart
Quick Profit = NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),Digits);
First Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),Digits);
Final Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),Digits);
// define array
//define indicator handle
int ACB_handle = iCustom(_Symbol,0,"Market/ACB Breakout Arrows");
// Copy buffers into arrays
if(Buy_Arrow!=0) // Entry condition for Buy
if(Sell_Arrow!=0) // Entry condition for Sell
Buy_SL; // Buy Stoploss
Sell_SL; // Sell Stoploss
// Fetching targets from charts
double First_Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),_Digits);
double Final_Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),_Digits);
- added a switch to turn on/off the display information.
- source code optimization.
- added a more comprehensive performance analysis.
- source code optimization
- bugs removal
- added old-style text information instead of the movable panel.
- Display panel stability increases.
- A bug causing multiple objects deletion has been fixed.
- A panel related bug has been fixed.
- Added a statistic panel to show the indicator performance metrics in real time.
- Old display information has been removed.
- Some other information has been removed which is not beneficial anymore.
- Source code optimization for faster execution.
- Show/Hide Max. Profit line: The Maximum Favorable Excursion in Pips for the latest signal.
- Ability to change the location of display information(corner).
- Changeable style and width for the target lines.
- Entry, SL, QP, TP1 and TP2 added to the alerts.
- Minor change in labels and bugs fixed.
- Added the input "Signal Sensitivity" to support the customization of parameters on different pairs and time frame.
- Removed a bug related to the alerts.
- Minor change in informational text and labels.
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The breakout indicator is very fast and noticeble great tool to have at your arsenal,
i cant rate 5 stars yet cause i ma still waiting since last week to trigger the arrow signal …but in general nice indicator and setup …waiting the arrow to appear
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